TRELLEBORG, Sweden, announced the acquisition of Schwab Vibration Control, a manufacturer of vibration control components and system solutions, on August 10.
GOLDSCHMIDT Thermit Group announced on August 9 that it has acquired Swedish road-rail vehicle company SRS Sjölanders for an undisclosed sum.
REPORTING to Russia’s president Mr Vladimir Putin, the president of Russian Railways (RZD) Mr Oleg Belozerov, revealed that RZD broke even during in the first half of 2016.
NORFOLK Southern (NS) reported an operating ratio of 68.6% for the second quarter of 2016 despite a 10% drop in revenue, and expects to sustain its operating ratio at this level for the remainder of the year.
VOSSLOH says Ebit for the first half of 2016 increased by 57.3% from €12.3m in 2015 to €19.3m this year despite a drop in sales.
CHINA Export-Import (Exim) Bank has agreed to provide Tanzania with a $US 7.6bn loan to build around 2200km of new standard-gauge railway linking Dar es Salaam with cities in central and western Tanzania.
TEMASAEK Holdings, an investment company owned by the Singaporean government, announced on July 20 that it has reached an agreement to acquire all of the shares in Singapore metro operator SMRT Corporation through its Belford Investments subsidiary.
CHINA’s premier Mr Li Keqiang has approved plans to invest Yuan 2.8 trillion ($US 418bn) to build 23,000km of new lines during the 13th five-year plan which runs from 2016 to 2020.
SPAIN's high-speed rail infrastructure manager Adif-AV registered a net loss of €361.3m in 2015, a 67% increase on the previous year and 28% over its own fiscal year budget, according to an official income statement presented to the Spanish government.
SINGAPORE Land Transport Authority (LTA) announced on July 15 that it has reached an agreement with urban rail operator SMRT to transfer ownership of the company's operating assets to LTA.
